A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts can also to be included in posters analysis

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RESOURCES

http://blog.tradersdaytrading.com/ http://stockcharts.com/school/doku.php?id=chart_school http://www.cantos.com/charts/masterclass http://www.onlinetradingconcepts.com/TechnicalAnalysis/ZigZag.html http://bigcharts.marketwatch.com/ http://www.stockmarket-coach.com/index.html http://www.trade2win.com/knowledge/equities/ http://www.financial-spread-betting.com/

CHART SCREENERS

http://www.iii.co.uk/spreadbetting/?type=technical http://www.barchart.com/lookup.php?field=name&search=contains&string=YELL&e=nf&type[]=2&type[]=1&type[]=5&type[]=9&type[]=10&type[]=4&type[]=CAN&type[]=LON&type[]=IND#results http://www.autochartist.com/ Nb, only free to IG Index Members. http://www.britishbulls.com/

BULLISH TRENDING CHARTS. Timeframe 3 Daily. Updates And Renewals Will Take Place On a regular basis.

MOMENTUM http://www.onlinetradingconcepts.com/TechnicalAnalysis/Momentum.html ADX http://stockcharts.com/school/doku.php?st=adx&id=chart_school:technical_indicators:average_directional_

BEARISH TRENDING CHARTS Timeframe 3 Daily. Updates And Renewals Will Take Place On A Regular Basis.

12 WEEK HIGHS Timeframe 3 Daily. Updates And Renewals Will Take Place On A Regular Basis.

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GF,

As you are trading using charts and a fundamentals, what methods are you using for setting stop losses?

Do you set trailing stop losses when in profit?


Just interested.

I find it difficult to set useful levels, especially with shares with large Stop losses and no avoid such stocks.

Wonder what price they took for FCCN? It's only up a little now the day's moved on.

STJ looking strong this morning.

Possible bounce at support for Dunelm (DNLM)?



Big Yellow Group looks fairly positive, making a series of higher lows since last June. Has just crossed above the 200 day MA. The sector (Real Estate) in general has recently turned more positive too.

Fred, charts to find positions and check fundies also to make sure safe, beta 1 or less.. Got a system set up thats delivered 27 out of 29 winners over last month or so.

Use trailing stop losses yes. But dont place stop losses on overnight. on new positions, too many spikes at the moment.

Finally after 30 years plus Ive come to decision that they dont really work especially with IG index. cant think in 3 years ive had one that hasnt gapped down through it.

Fccn bloody strange SP action here, buys far outweigh sells wondering if we have a fund dumping in background. Results soon so should regather itself. Still way way up on profit but todays action takes a little shine off.

If anyboby want s a copy of the 'Kipper System' let me know and provide one of those freebie e- mails Ill get it to you this weekend. Got a forum set up with chaps on twitter based around it.

http://twitter.com/#!/MrKipper1

Latest from Reuters

http://uk.reuters.com/article/2011/03/04/markets-uk-stocksnews-idUKLDE6950JA20110304

Looks like its on chaps.

GF,

Thanks.

I have been playing with various methods of Stop losses for about 15years.

Very difficult to get it right.

Spikes are difficult and feel a bit fed up with CMC at the moment.

Probably will initially use stop loss based on intra-day ranges and trailing when in profit.

But the market is a little jittery at the moment.

Fred have U tried IG ?.

Use ATR on your chart by the way Fred. Been using it now for last 2 .6 years and its been worth while. Points out spikes and volatility. Will never stop using it.

Realy worth getting to know it and use it. Chart school above in header is a good read on the subject. You might already know that, no patronising from me, just glad to help anyone.

Think u ought to join twiiter Fred, the new way forward I reckon. Use your PC I dont have fancy a phone in fact I dont have a phone at all. You get news within seconds not 30 mins, and it can mean a big difference as you will know. Sign up here on my tweet..... all the top knobs speaking, even Warren Buffet ,first PI account in Britain to achieve this.

http://twitter.com/#!/MrKipper1

GF,

Thanks.

But, sometimes, I have difficulty with communicating with my wife and adding twitter to my list is frightening to me.

I occasionally use Skype and now that the Kids (daughters 43, 44, 45, 48) can see me when we speak I am even more fearful. (As you may have noticed.)

Anyway, have a pleasant weekend.

PS.

Sharescope has ATR and it is possible to use daily chart and moving average of greater ranges.

But, spiking is a problem and overnight Stop losses run into problems. I suppose Guaranteed Stop losses would protect a little.

Another way is to have smaller commitment to a particular entity, with larger basket of a similar range of shares.

FCCN - why would you be puzzled by weakness in ANY mid-range fashion retail stock? .... try using eyes rather than charts by going down your own local high street or into somewhere like westfield ...... how many mt shops or leases for sale? .... how many shops still have sales going on? ...... how many people are there walking around with non-food carrier bags?

I thought that when I bought them at 75p and then sold for a small loss because the upward movement hadn't happened.......

But I think the easy profit in them has been made - I'd be very wary of buying them now.

Plenty of news flow to come this and next month for FCCN, plus thety have a pile of cash in the bank. News flow from the US aswel, so its not VAT thats dictating with this retail stock.

Gone in for a quicky tade on YELL highly speculative.

Todays morning read investors Intelligence.......

http://www.investorsintelligence.com/x/marketdataindex.html?op=art&aid=59539

Missed this Broker Buy end of last week.....

Yell Group PLC

FORECASTS 2011 2012

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Exane BNP Paribas
04-03-11 BUY 91.00 5.65 177.00 7.22

I had a speculative punt on YELL a few weeks ago in a spread betting account. I didn't lose much money fortunately but it taught me to stick to my trading strategy. At the moment is neither indicating a buy or a sell for me.

You can check out my latest trading exploits in my spread betting blog